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Unformatted text preview: as a liability and thus shown below shareholders equity. 5. The non-controlling interest in the subsidiary is calculated as under – Share in share capital XX Add: Share in profits XX Non-controlling interest XX Problems: 4. ANSWER!!! Patent Value $45,000 Life of Patent 10 Ownership 80% Patent book value in consolidated statement as on 2011 $36,000 Amortization for 2011 $3,600 Amortization for 2012 $3,600 Patent should report 2012 dec 31st after Amortization $28,800 Hence the Patents value should report in consolidated statement at Dec 31 2012 is $28,800 8. 23....
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- Fall '11
- Accounting, consolidated financial statements, share, profits XX Non-controlling, capital XX Add